The Princess Grace Foundation-U.S.A. was established to identify and assist emerging talent in theater, dance and film by awarding grants in the form of scholarships, apprenticeships and fellowships.

A special moment during the event was the introduction of a tribute to Julie Andrews, who received the Prince Rainier III Award.

Well, I'm very honored to be given an award this evening and it's a fabulous opportunity to speak about the importance of the arts and it being a big, big part of our culture because without it we'd be a very sorry place indeed, NDTV quoted the iconic Sound of Music star stating.